Unwrapping Rules For Gift Card Accounting Under GAAP
As we enter the holiday season, now is a great time to refresh your understanding of gift card accounting under GAAP. For restaurants and franchisors alike, gift card programs can be a powerful tool to boost revenue, but they also introduce complex accounting considerations. In this article, we’ll break down common gift card scenarios, offer guidance on how to handle promotional discounts, and walk through how to record journal entries under ASC 606. Whether you’re reconciling year-end numbers or fine-tuning your tracking system, these tips will help you stay compliant and accurate.
Phantom stock transforms your company's culture by aligning interests without minority shareholder drama. Key highlights include motivational power, adaptability, no real ownership risks, and tiered implementation. Keep reading to learn more about this powerful employee incentive.
How To Depreciate Big Purchases
When it comes to managing your restaurant’s books, understanding the useful lives of your fixed assets is key to staying compliant, planning for long-term growth, and determining your return on investment. Read on for a quick breakdown of the most common fixed asset categories in the restaurant industry and their typical useful lives under GAAP.
Why ERP Implementations Fail
Restaurant ERP and POS system implementations stall for a variety of reasons. This article breaks down some of the real-world challenges restaurants often face and offers proven success tactics from GBQ's Business Technology Solutions team that will get your next technology implementation up, running, and successful in no time.
GBQ's Restaurant Services team will be attending the Restaurant Finance and Development conference in Las Vegas next month. If you plan to attend as well, let us know! We would enjoy setting up a time to meet with you. Tap the button below to let us know you will be in attendance!
Learn how the One Big Beautiful Bill Act will reshape your business and personal tax strategy. Whether you're a business owner, financial decision-maker, or simply looking to stay ahead of the curve, this event will provide actionable insights to help you plan with confidence. This isn't just another tax update - it's your chance to understand how sweeping legislative changes can create opportunity. Our experts will guide you through what's permanent, what's phasing out, and what it all means for your bottom line.
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